Koehler passes measure protecting renters

The new legislation would seek to address that lack of understanding by creating the Installment Sales Contract Act. Among the new protections is a requirement that a payment schedule is to be given to the buyer prior to closing, a prohibition on prepayment penalties and a requirement for a written contract with information about ballooning payments.

Source: href=”http://www.senatordavekoehler.com/news/28-press-releases/156-koehler-passes-measure-protecting-renters”>Koehler passes measure protecting renters